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commission house

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commission house

 
Use commission house in a Sentence
–noun
a brokerage firm that buys and sells securities on commission.
Origin:
1825–35, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

Commission House

A brokerage or merchant firm which buys and sells futures contracts for customer accounts.

Investopedia Commentary

They typically use omnibus accounts to do this.

See also: Broker, Commission, Futures, Omnibus Account

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

commission house

A firm whose primary business is the execution of its customers' orders to buy and sell securities, activities for which it earns a fee. Commission houses earn the name from acting as brokers rather than as dealers.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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